Canada inflation jumps

Canadians paid 2.2 percent more for goods and services in November than a year earlier, as food and energy costs rose, the government statistical agency said Wednesday.

Gasoline prices rose 0.9 percent, up for the first time in more than a year and rebounding from "sharply lower prices in November 2018, when global oil prices fell amid a supply glut caused by reactions to emerging international political uncertainties," said Statistics Canada.

On a month over month basis, however, gasoline prices fell, despite OPEC slashing oil production. Annualized mortgage interest costs and rents, passenger vehicle prices and car insurance premiums, as well as meat prices were also higher.